earnings
confidence high
sentiment positive
materiality 0.80
Steve Madden posts record Q3 revenue $528.7M, raises FY2021 guidance; adds $200M to buyback
STEVEN MADDEN, LTD.
2021-Q3 EPS reported
$1.53
revenue$1,287,661,000
- Q3 revenue $528.7M (+52.4% YoY); GAAP diluted EPS $0.82 vs loss of $0.09 YoY; adjusted EPS $0.82 vs $0.39.
- Raised FY2021 guidance: revenue growth 50-52% over FY2020; diluted EPS $2.21-$2.26; adjusted EPS $2.30-$2.35.
- Quarterly dividend declared at $0.15 per share, payable Dec 27, 2021 to holders of record Dec 17, 2021.
- Board approved $200M increase in share repurchase authorization, total now $250M; repurchased $31.9M in Q3.
- Retail revenue $123.1M (+108.6%); wholesale revenue $402.0M (+41.6%) with 216 company-operated stores at quarter end.